Author: InvestPolicy

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The story so far: Seeking to institute a framework for regulated entities to tackle climate-related financial risks, the Reserve Bank of India (RBI) on February 28 presented draft guidelines on Disclosure framework on Climate-related Financial Risks, 2024. The Statement on Developmental and Regulatory Policies, presented along with the Monetary Policy statement on February 8, 2023, had recognised that climate change can translate into financial risks for regulated entities. It further held that this could have broader financial stability implications. Comments and feedback on the draft framework are invited until April 30. How is climate change going to bother financial institutions?…

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A file photo of former U.S. President Donald Trump and Hungarian Prime Minister Viktor Orban | Photo Credit: AP Former U.S. leader Donald Trump will not give money to help Ukraine fight Russia if he wins the presidency again and that will hasten an end to the war, Hungarian Prime Minister Viktor Orban said after meeting him.Mr. Orban, who is backing his long-time ally’s bid to return to the White House, met Mr. Trump in Florida on March 8.”He will not give a penny into the Ukraine-Russia war and therefore the war will end,” Mr. Orban told state television late…

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Commerce and Industry Minister Piyush Goyal. File photo | Photo Credit: ANI New DelhiMany developed and developing countries including Bangladesh, Sri Lanka, and nations of the Gulf region are keen to start trade in rupee with India as it would help cut transaction costs for businesses, Commerce and Industry Minister Piyush Goyal has said. He expressed confidence that the development is going to be a “very game-changing” dimension to India’s international trade. “Bangladesh, Sri Lanka are already talking to us and they want us to start this immediately. Other countries in the Gulf region are looking at that. I think it’ll…

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Due to the demanding work hours, the study found that drivers are physically exhausted, and exposed to an increased risk of road traffic accidents. File. | Photo Credit: NAGARA GOPAL Almost a third of app-based cab drivers work for over 14 hours a day, while more than 83% work more than 10 hours and 60% work over 12 hours, according to a study of more than 10,000 Indian cab drivers, gig and platform workers. It noted that social disparities make the situation worse, with over 60% of the drivers from Scheduled Castes and Tribes working for over 14 hours a…

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Union Minister of Commerce & Industry Piyush Goyal addresses the media on the signing of the India-EFTA Trade & Economic Partnership Agreement (TEPA) along with his counterparts in New Delhi on March 10, 2024 | Photo Credit: ANI India signed a free trade pact on March 10 with a group of European nations — Switzerland, Norway, Iceland and Liechtenstein — committing to reduce tariffs, while New Delhi will receive $100 billion in investments over the next 15 years.India and the members of the European Free Trade Association (EFTA) held 21 rounds of talks over 16 years to clinch the broad-based…

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Police patrol a street after authorities extended the state of emergency amid gang violence that has threatened to bring down the government, forcing thousands to flee their homes, in Port-au-Prince, Haiti on March 8, 2024. File The U.S. military said on Sunday it has carried out an operation in Haiti to airlift non-essential embassy personnel from the country and added U.S. forces to bolster embassy security, as the Caribbean nation reels under a state of emergency.The operation was the latest sign of Haiti’s troubles as gang violence threatens to bring down the government and has led thousands to flee their…

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Image for representation purpose only. | Photo Credit: K. PIchumani The Telangana Government has decided to raise ₹2,000 crore open market borrowings through auction of securities. The government has submitted an indent to this effect to the Reserve Bank of India (RBI) which will take up the auction process through its core banking solution e-Kuber platform on March 12. This will take the total borrowings raised by the State, starting from January 16, to ₹10,000 crore during the January-March quarter. Interestingly, the State Government has projected to raise ₹38,234 crore during the current financial year through market borrowings and other…

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India and the four-nation European bloc EFTA ink free trade agreement on Sunday, March 10, 2024. | Photo Credit: X@EFTAsecretariat India and the four-nation European bloc EFTA on March 10 signed a free trade agreement to promote investments and boost two-way trade in goods and services.The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.The agreement has 14 chapters, including trade in goods, rules of origin, intellectual property rights (IPRs), trade in services, investment promotion and cooperation, government procurement, technical barriers to trade and trade facilitation.”EFTA countries gain market access to a major growth market. Our companies…

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WTO Director-General Ngozi Okonjo-Iweala speaks during the opening ceremony of the WTO ministerial meeting in Abu Dhabi on February 26, 2024. | Photo Credit: Reuters The story so far: The World Trade Organization (WTO) held its 13th Ministerial Conference (MC13) at Abu Dhabi in the UAE between February 26 and March 2, which was attended by 166 member countries. At the conclusion of the meeting, a ministerial declaration was adopted that set out a forward-looking, reform agenda for the 30-year-old organisation, which is tasked with overseeing global trade regulations and facilitating smooth cross-border flow of goods, services, investment and people.…

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Democratic Progressive Azad Party (DPAP) president Ghulam Nabi Azad addresses the public rally in Anantnag. File | Photo Credit: ANI Democratic Progressive Azad Party (DPAP) chief Ghulam Nabi Azad on March 9 said Assembly elections in Jammu and Kashmir should be held soon after the Lok Sabha election as the people of the Union Territory cannot wait anymore. He also said Jammu and Kashmir’s statehood would be restored. Also read: Altering status quo: On Jammu and Kashmir and Statehood “We have been waiting for the Assembly polls for years. We hope that the polls take place immediately after the parliamentary…

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